Ripple recently unveiled the results of its inaugural University Digital Asset Xcelerator (UDAX) program at UC Berkeley, where nine startups graduated after developing advanced applications on the XRP Ledger. This strategic initiative aims to bridge academic innovation with the institutional adoption of Ripple, enabling capital market and decentralized insurance projects to reach enterprise-grade standards.
The program proved successful with participants such as CRX Digital Assets, which increased its tokenized volume to $58 million, and Blockroll, which utilizes the RLUSD stablecoin for global remittances. Ripple reported that the startups saw a 67% increase in product maturity, consolidating the XRP Ledger as a robust infrastructure for real-world financial solutions.
The ecosystem is expected to launch new calls for future UDAX cohorts, targeting mission-driven founders. Analysts will need to monitor how these new applications drive ecosystem liquidity and whether they successfully attract further venture capital—a determining factor for the long-term institutional adoption of Ripple.
Source:https://x.com/Ripple/status/2012224638420431134
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